By  on August 1, 2008

MILAN — Shares of Italy’s Safilo Group SpA fell to their lowest-ever level on the Milan Bourse Thursday, a day after the company revised down its full-year outlook after the declining dollar and a weak performance in Europe reduced second-quarter earnings by more than a third.

Safilo’s stock dropped 16.1 percent to 97 cents euro, or $1.51 at current exchange.

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